Equity
€168,547 ▼ 36.0%
KWADRANT N & M paid out €144,500 in dividends. That is 291% of the 2025 profit.
KWADRANT N & M
Lifetime
16 annual accounts with figures on one time axispeak €121,037 (2021)
€81,072▼ 20.5%
peak €66,866 (2021)
€49,634▼ 13.4%
peak €263,413 (2024)
€168,547▼ 36.0%
€257,435▲ 49.6%
Board2 names since 2021
2 directorsCANDAELE Miguel and 1 other
Documentsfilings and deeds
23-01-20268 days before the deadline
2025micro format
Gross margin from €101,917 to €81,072Dividend €144,500Equity from €263,413 to €168,547Debts from €172,090 to €257,435
Key points
from the 2025 annual accountsTurnover
≈ €320,000 estimated
The micro format states no turnover.
Debts
€257,435 ▲ 49.6%
Debts rose by €85,345 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.
Liquidity
1.73 was 3.23 in 2024
Short-term debts rose from €106,252 to €200,604.
Filings
16 annual accounts since 2010
Four of the last ten came late. The 2021 accounts came latest: 109 days after the end of the period.
Position in the sector
€49,634
Higher net result than 86% of companies in specialised construction. Sector median €10,190 · 35,144 companies.
Checked score
70
Healthy
Financially stronger than 42% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.1%
01-2025: 1.3%▲ +0.2 percentage points vs 12-2024highest value
02-2025: 0.5%▼ -0.8 percentage points vs 01-2025lowest value
03-2025: 0.5%● unchanged vs 02-2025lowest value
04-2025: 0.5%● unchanged vs 03-2025lowest value
05-2025: 0.5%● unchanged vs 04-2025lowest value
06-2025: 0.5%● unchanged vs 05-2025lowest value
07-2025: 0.5%● unchanged vs 06-2025lowest value
08-2025: 0.6%▲ +0.1 percentage points vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.7%▲ +0.1 percentage points vs 12-2025
02-2026: 0.6%▼ -0.1 percentage points vs 01-2026
03-2026: 0.6%● unchanged vs 02-2026
04-2026: 0.6%● unchanged vs 03-2026
05-2026: 0.6%● unchanged vs 04-2026
06-2026: 0.6%● unchanged vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026
08-2026: 0.6%● unchanged vs 07-2026
09-2026: 0.6%● unchanged vs 08-2026
10-2026: 0.6%● unchanged vs 09-2026
11-2026: 0.6%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 1.73
Sector: Specialised construction activities (NACE 43)
lowers risk
Founded in 2009
Size: total assets €425,981
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 42% of them on solvency, 49% on liquidity, 66% on profitability and 12% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as KWADRANT N & M has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of KWADRANT N & M itself: 0.6% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for KWADRANT N & M. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €11,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.73 (3.23 in 2024), above the usual 1.5. Short-term debt is 47.1% of total assets. However, 60.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-01-2026, 8 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
8 days early
2024
7 days early
2023
2 days early
2022
1 day early
2021
109 days late
2020
51 days late
2019
3 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 20 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 29 January (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end11-11-2026 today31-01-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0809543390
Amendment of the articles · Legal-form change · Resignations & appointments
Changes of role: CANDAELE Miguel (director) and ROSSEEL Nadine (director) · General meeting of 15-07-2024 · Gazette deed
Incorporation
published on 12-02-2009 · Gazette deed
First establishment
Ravegheersweg 8, Koekelare
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KWADRANT N & M Koekelare | €425,981 | €81,072 | 39.6% | - |
| STRAGIER KRISTOF Izegem | €395,825 | €84,222 | 33.6% | - |
| JD TECHNICS Kortrijk | €410,568 | €78,442 | 58.5% | - |
| Desauw Menen | €401,565 | €90,854 | 49.9% | - |
| Bopage Damme | €386,244 | €68,228 | 66.2% | - |
| ZONE 16 Bertem | €440,650 | €78,944 | 90.1% | - |
| VOJTEC Kontich | €381,479 | €95,879 | 53.5% | - |
These companies have the same main activity as KWADRANT N & M: plumbing work (NACE 43221). They are comparable in size and age: total assets between €381,000 and €441,000, founded between 2007 and 2011.
Official details
Source: KBO- Status
- Active since 03-02-2009Normal situation
- Activity
- Plumbing workNACE 43221and 5 others
- Establishment unit
- 2.176.499.5598680 Koekelare, since 28-01-2009
- Financial year end
- 30 June
- Peppol
- Reachable since 02-12-2025
Annual accounts to 30-06-2025
- €425,981▼ 2.2%
- Filing
- Filed on 23-01-2026, 8 days before the end of the filing period
Insights on KWADRANT N & M
KWADRANT N & M files the micro format. That format states no turnover. The gross margin rose from €65,619 in 2010 to €81,072 in 2025.
The balance sheet grew most from 2012 to 2014 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KWADRANT N & M
- What is the company number of KWADRANT N & M?
- The company number of KWADRANT N & M is 0809.543.390. The VAT number is the same number with BE in front: BE 0809.543.390.
- Where is KWADRANT N & M based?
- The registered office is at Ravegheersweg 8, 8680 Koekelare.Company details
- What does KWADRANT N & M do?
- According to the KBO register, the main activity is plumbing work (NACE 43221).
- What is the legal form of KWADRANT N & M?
- KWADRANT N & M is a private limited company (BV).
- When was KWADRANT N & M founded?
- KWADRANT N & M was founded on 03-02-2009.
- Is KWADRANT N & M still active?
- Yes, KWADRANT N & M is an active enterprise in the KBO register.
- What is the turnover of KWADRANT N & M?
- The turnover in financial year 2025 is ≈ €320,000. This figure is estimated from the gross margin of €81,072 and 105 comparable companies (NACE 432). It probably lies between €230,000 and €470,000.Financials
- Is KWADRANT N & M profitable?
- In financial year 2025, KWADRANT N & M made a profit of €49,634.
- Where can I find the annual accounts of KWADRANT N & M?
- KWADRANT N & M filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KWADRANT N & M due?
- KWADRANT N & M must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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